Entity Owned Property summary
This exceptional investment opportunity in Catasauqua, Pennsylvania presents a 10-unit apartment building with significant value-add potential. The property, located at 29 2nd St, boasts 3,500 square feet on a 4,530 square foot lot and is zoned R2 - MDR. Currently generating over $65,000 in gross rental income and a Net Operating Income (NOI) of $39,406, the property offers a 7.37% cap rate with a pro-forma cap rate of 8.80% and a pro-forma NOI of $47,085. The building, constructed in 1870… and comprised of two buildings across three stories, includes a mix of unit types: four units feature private kitchens and bathrooms, while others share bathrooms. Three additional garage spaces generate supplemental rental income. The property also benefits from the recent installation of a new roof (within the last two years), mitigating significant capital expenditure concerns. Several units already utilize Ratio Utility Billing Systems (RUBS), presenting a clear path to increase revenue by implementing RUBS across remaining units and utilities. The asking price is $535,000, or $53,500 per unit. This property represents a compelling opportunity for investors seeking strong returns and value-add potential in a desirable location. The Halyard Group currently owns the property.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 10 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Official district profile
R-2 Medium Density Residential District: To provide for medium density residential neighborhoods; to protect these areas from incompatible uses; to encourage "one home on one lot" (which may be attached to another home)…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
